Main Menu

Tag: oil refinery

Peter Obi: Dangote Refinery Will Benefit Nigeria’s Economy

Dangote Refinery
The presidential candidate of the Labour Party (LP) in the 2023 election, Peter Obi, has said the Dangote Refinery will be beneficial to Nigeria’s troubled economy. In a string ofRead More

Oil Production Challenges, Inflation Retard Nigeria’s Economy In Q2 2022

Nigeria Oil Refinery
GDP growth slows to 3.54%, non-oil sector contributes 93.67% Nigeria Gross Domestic Product (GDP) grew by 3.54 per cent (year-on-year) in real terms in the second quarter of 2022, theRead More

Nigeria’s Private Refineries’ Operators Groan Under Weight Of Crude Scarcity As NNPC Focuses On Export

Nigerian National Petroleum Corporation (NNPC)
he few small-scale refineries operating in Nigeria are facing a huge challenge of crude oil supply, as the Nigerian National Petroleum Company (NNPC) Limited continues to focus on exporting theRead More

Oil Theft: Navy Seizes 6 Million Litres Of Stolen Crude From Illegal Refiners

Illegal Oil Refinery
Buhari mourns over 100 persons killed in Imo explosion, says it’s national disaster Insists those responsible must be brought to justice Directs security agencies to clamp down on oil theftRead More

108 Feared Dead As Illegal Refinery Explodes In Imo

Illegal Oil Refinery
No fewer than 108 people were killed on Friday night, while several vehicles were burnt after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area ofRead More

Report: Nigeria’s Oil & Gas Industry to Face Liquidity Challenges In 2022

Nigeria’s oil and gas industry
Dangote refinery to alter sub-region’s fuel supply dynamics Nigeria’s oil and gas industry may struggle with liquidity challenges in 2022, a new report by Mordor Intelligence, a global market researchRead More

Wike Clampdowns On Illegal Oil Refineries In Rivers Communities

Rivers State Governor, Nyesom Wike
To match his words with action, the Rivers State Governor, Mr. Nyesom Wike yesterday, stormed the forests of Ogbodo community in Ikwerre Local Government Area and Ibaa community in EmohuaRead More

NNPC Fixes Base Oil Price For 2022 At $57, $61 for 2023

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) yesterday projected a medium term base crude oil price scenario of $57 to a barrel for 2022; $61 for 2023 and $62 for 2024.Read More

NNPC Ventures, Shipping, Refineries, Lead In Corporation’s N56.1bn Loss In April

Nigerian National Petroleum Corporation (NNPC)
Oil records longest deficit run since 2019 Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s totalRead More

NNPC Eyes Stakes In Five More Private Refineries

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) yesterday unfolded plans to acquire shares in five more private refineries in Nigeria, bringing to six its interests in refineries it is targeting. TheRead More